Copa Holdings, S.A. (CPA) To Go Ex-Dividend on February 27th

Copa Holdings, S.A. (NYSE:CPA) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be given a dividend of 1.71 per share by the transportation company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, February 27th. This is a 6.2% increase from Copa’s previous quarterly dividend of $1.61.

Copa has increased its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 2 years. Copa has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Copa to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.84 annual dividend with an expected future payout ratio of 39.5%.

Copa Trading Up 2.4%

Shares of Copa stock opened at $145.07 on Wednesday. The stock has a 50 day moving average of $134.25 and a 200 day moving average of $125.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.13 and a current ratio of 1.23. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.94 and a beta of 0.92. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $156.41.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing the consensus estimate of $4.44 by ($0.26). The business had revenue of $962.89 million during the quarter, compared to analyst estimates of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company earned $3.99 EPS. As a group, research analysts predict that Copa will post 15.48 earnings per share for the current year.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.